Net income of the largest US bank by assets JPMorgan Chase & Co. in the I quarter of 2018 increased to $ 8.71 billion, or up to $ 2.37 per share. For the same period last year, the profit was $ 6.45 billion, or $ 1.65 per share, according to the bank's statements.

At the same time, the bank's revenue increased 10% from $ 25.85 billion to $ 28.52 billion.

Analysts forecasted a profit of $ 2.28 per share and revenues of $ 24.75 billion.

The proceeds of corporate and investment division JPMorgan in January-March 2018 increased by 9% compared to the same period last year to $ 10.48 billion, profit increased by 25% to $ 3.97 billion.

Net interest income JPMorgan in January-March increased by 9% compared to the same period last year, reaching $ 13.5 billion.

The revenue of the retail unit (CCB) increased by 15% to $ 12.6 billion, its profit jumped 1.5 times to $ 3.33 billion. The income of the mortgage business remained virtually unchanged at $ 1.51 billion.

The bank's asset management division reported revenue growth of 7% in the first quarter compared to the same period last year to $ 3.51 billion, profit doubled to $ 770 million.

The volume of assets under management increased from $ 1.81 trillion to $ 2.016 trillion.

Previously, JPMorgan Chase & Co. has raised the forecast of the prices for metals, having declared, that acceleration of inflation will support the commodity goods.

"Inflation has come, and this should be a positive factor for commodities," the bank said. JPMorgan pointed to the acceleration of wage growth in the US, as well as the acceleration of core inflation.

Consumer prices in the US in January rose more than expected. The core inflation indicator showed the maximum growth for the year. This reinforces expectations about accelerating inflation and a more rapid increase in FRS interest rates this year.

Commodity prices in January rose to their highs in two years. Banks, including Goldman Sachs Group Inc., have a positive outlook for 2018.

JPMorgan notes that commodities tend to succeed at a later stage of the business cycle. A similar opinion is held by billionaire investor Jeffrey Gundlach. Glencore Plc also mentioned the outlook for inflation as a positive factor for commodities. On Wednesday, the commodity trader said that he received a record profit in 2017.